Topic: Bitcoin holders will have to pay their tax? - page 16. (Read 4342 times)
It will not be good if the holder pay taxes because it is currency and we are not paying taxes on fiat so that is not good to impose taxes on bitcoin and crypto i love to hold but i am not ready to pay taxes because i like it for profit motive and if profit is not then this will be purely using for transactions.
Crypto traders have to pay tax on their capital gains when they convert cryptocurrency into fiat currency. Seeking taxes from holders are not right way because their holdings have not used for trading purpose yet. Holding crypto and converting fiat is different way and we have to pay taxes when we covert crypto into fiat.
Definitely, they have to pay taxes to the government because while we are converting to fiat currency those amounts will be deposited in banks only. So governments will easily from where the money is crediting into your bank account. So it is always good to pay taxes to the government.
What will happen on BTC if the government will said that all the bitcoin holder have to pay their tax??
Maybe the expansion of BTC community will get low than usual.
Well bitcoin is an investment which hold doesnt get taxed, we do pay taxed based on how much money we make and yes i believe the community will reduce significantly if that happen. Maybe the expansion of BTC community will get low than usual.
There are crypto tax startups popping up in NY.
Libra Crypto Office platform provides a system of record that automates and optimizes accounting, audit and tax processes for funds, fund administrators, exchanges, trading operations and enterprises. Libra is a Software-as-a-Service model. Total funding to date 24.8 M (15M Series B)
Libra Crypto Office platform provides a system of record that automates and optimizes accounting, audit and tax processes for funds, fund administrators, exchanges, trading operations and enterprises. Libra is a Software-as-a-Service model. Total funding to date 24.8 M (15M Series B)
What will happen on BTC if the government will said that all the bitcoin holder have to pay their tax??
Maybe the expansion of BTC community will get low than usual.
The need to pay taxes is generally percieved negatively by people, no matter is this is related to bitcoin or not. In any case, I can see no way to control whether people DO pay their taxes in btc or not - their is no such a controlling infrastructure so far. Maybe the expansion of BTC community will get low than usual.
If that is the case (if government really wanted to regulate cryptos), then all we have to do is to live with it and start moving on from what we are used to. It's really good to earn profit from cryptos tax free but i believe that there is also an advantage if we are going to pay tax because i feel like we are secured with our money being an investor.
What will happen on BTC if the government will said that all the bitcoin holder have to pay their tax??
Maybe the expansion of BTC community will get low than usual.
As for me when the government asked for the tax in the bitcoin holders it will be possibke since when bitcoin or the cypto currencies will be the next for for the financial of the whoke world. It us possible that bitcoin holders will pay taxes also in form of digital money aside from thatvit is normal that all thing around this world that people worth around will have thier taxes . Maybe the expansion of BTC community will get low than usual.
How will they even know you own Bitcoin? Bitcoin is only pieces of information on decentralized ledger. They'll have to break into people's homes to take the private keys and confisticate the Bitcoin ( Even private keys can be well hidden.). There is little they can do about people's Bitcoin. Except you keep Bitcoin on centralized exchanges or wallets.
People normally get taxed when Bitcoin is exchanged for fiat or something? Unless they find a humane way to tax holders, we won't surrender.
People normally get taxed when Bitcoin is exchanged for fiat or something? Unless they find a humane way to tax holders, we won't surrender.
of course and that depends on the government that has allowed or not, because in my country bitcoin has not been permitted, so I have not been taxed by the government
Yes, our country initially prohibits bitcoin, but lately, the Government has given positive signals to trade cryptocurrency, so chances are they want to take taxes from bitcoin. because I know they are targeting taxes from bitcoin with fantastic value.
of course and that depends on the government that has allowed or not, because in my country bitcoin has not been permitted, so I have not been taxed by the government
I think paying taxes in holding bitcoin is unfair. Because they are holding they are not selling or buying. Taxes should go on the transaction not on holding
Even on the transaction, tax is a very unreasonable and unfair thing for all of us because the government is not involved in bitcoin, even many governments have resisted and advised people to stay away from bitcoin, why do we need to pay taxes when they are the ones who want to destroy our way of making money. They do not have any guarantees and assistance but when they mention, they ask us to pay taxes, that's so funny, they have no powers and they can not force us to pay taxes on bitcoin, so we can comfortably make money and ignore them
If the bitcoin will tax base so many people will believe in crypto especially bitcoin because they will paying taxes for security and legitimate transactions. so I agree if government will put taxes for bitcoin but If they put too much in it I will go along to those who fight for it to stop it.
They can't force us to pay taxes per year. There are no government holding with us. We are not doing illegal things that involve government. So why we need to pay taxes. Investing in this kind of bussiness is too risky and that's part of learning to be veteran is this kind of bussiness.
I think paying taxes in holding bitcoin is unfair. Because they are holding they are not selling or buying. Taxes should go on the transaction not on holding
The authorities do not recognize bitcoin and then still want us to pay, no ! Why pay for something that is not under the law.
What will happen on BTC if the government will said that all the bitcoin holder have to pay their tax??
Maybe the expansion of BTC community will get low than usual.
Maybe the expansion of BTC community will get low than usual.
holders are deemed tax free when and until they hold on to their assets, but once they traded it, there are tax being imposed on them, hidden as fees and other deduction on rates, somehow, all people are used to being taxed, in all their assets and possessions, i dont know how bitcoin or crypto makes it any different. these predicaments are adding up on the negative trusts ratings about crypto, some people are to skeptical when they heard the word tax. but still crypto makes it way to the mainstream medium of investments.
if this is emphasized then no one will pay because bitcoin is decentralized without any body or other, but if taxes are charged for exchanging bitcoin to fiat or vice versa it can be possible
I am poor compared to my compatriots and don't have to pay tax under 19.5k EUROS in income and here also if you earn from securities, trading, shares etc it is all tax-free the profits. Even if you do open a company here minus your wages and social insurance, the net profit you get for example you only pay 10% corporation tax on that. CYPRUS is a haven for tax and is a very good place to live if you are doing crypto. I think here we have it much better than say in the U.S or China as far as tax and regulations on crypto earnings are concerned. So one day if I actually get the income going here, I might be even luckier still. Let's see where this bear market will take us.
If government impose taxes then the government have to access your transaction and then just like the other transactions a whole recored will be maintained which is difficult and now the Internet is the main source of making transaction for online business.
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